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Who buys Venezuela’s crude oil? Export destinations 2024

In 2024, Venezuela exported $9.8 billion of crude oil (21.7 million tonnes), 0.8% of the world total. The United States bought 60% of the total, followed by India (18%) and Spain (13%). Venezuela was the world’s 25th-largest exporter of crude oil.

Summary

Value
$9.8billion
Tonnes
21.7million tonnes
Share of world total
0.8%
World rank
25th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 6 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
United States5.9Tonnes: 13,157,410USD per tonne: $44759.9%Sea
India1.8Tonnes: 3,729,060USD per tonne: $47217.9%Sea
Spain1.3Tonnes: 2,919,460USD per tonne: $43613%Sea
China0.73Tonnes: 1,498,370USD per tonne: $4867.4%Sea
Italy0.16Tonnes: 352,086USD per tonne: $4671.7%Sea
Poland0.01Tonnes: 18,427USD per tonne: $3180.06%Sea

Trend

Who it sells to

The United States has been its main destination since 2023

Value in USD billions. The five largest destinations in 2024.

  • United States 5.9
  • India 1.8
  • Spain 1.3
  • China 0.73
  • Italy 0.16

Source: CEPII BACI

Show the numbers
Partner19952024
United States6.25.9
India01.8
Spain0.071.3
China00.73
Italy0.060.16

Sources and methodology

Other products of this country

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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